Community Savings Bankshares

Company profile

Community Savings Bankshares company profile

The Association, founded in 1955, is a federally chartered savings and loan association headquartered in North Palm Beach, Florida. The Association's deposits are federally insured by the FDIC through the SAIF. The Association has been a member of the FHLB of Atlanta since 1955. The Association is regulated by the OTS. On October 24, 1994, the Association completed a reorganization into a federally chartered mutual holding company, the MHC. As part of the MHC Reorganization, the Association organized a new federally chartered stock savings association and transferred substantially all of its assets and liabilities to the stock savings association in exchange for a majority of the common stock of the stock savings association. Subsequently, on September 30, 1997, it completed the Mid-Tier Reorganization.